Bank of America Reiterates Buy Rating for AmeriCold Realty Trust (NYSE:COLD)

Bank of America reiterated their buy rating on shares of AmeriCold Realty Trust (NYSE:COLD) in a research note published on Thursday morning, Briefing.com Automated Import reports. The firm currently has a $37.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the company. ValuEngine downgraded AmeriCold Realty Trust from a buy rating to a hold rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded AmeriCold Realty Trust from a hold rating to a sell rating in a research report on Thursday, April 25th. TheStreet upgraded AmeriCold Realty Trust from a d rating to a c rating in a research report on Friday, August 9th. Robert W. Baird upped their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an outperform rating in a research report on Monday, August 12th. Finally, Raymond James upped their price objective on AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an outperform rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $34.79.

Shares of COLD stock opened at $35.93 on Thursday. AmeriCold Realty Trust has a 1 year low of $23.28 and a 1 year high of $36.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.27 and a quick ratio of 0.24. The stock’s 50 day simple moving average is $33.98 and its two-hundred day simple moving average is $31.60. The company has a market cap of $6.78 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 3.26 and a beta of 0.70.

AmeriCold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The company had revenue of $438.46 million for the quarter, compared to analysts’ expectations of $419.30 million. During the same quarter last year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts expect that AmeriCold Realty Trust will post 1.16 EPS for the current year.

In other AmeriCold Realty Trust news, Director Kelly Hefner Barrett purchased 6,000 shares of AmeriCold Realty Trust stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $34.96 per share, for a total transaction of $209,760.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.42% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its stake in AmeriCold Realty Trust by 4.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 10,362 shares of the company’s stock worth $336,000 after purchasing an additional 429 shares in the last quarter. Pendal Group Ltd grew its stake in AmeriCold Realty Trust by 0.5% in the second quarter. Pendal Group Ltd now owns 116,900 shares of the company’s stock worth $3,790,000 after purchasing an additional 600 shares in the last quarter. Huntington National Bank bought a new position in AmeriCold Realty Trust in the second quarter worth approximately $28,000. QCI Asset Management Inc. NY bought a new position in AmeriCold Realty Trust in the second quarter worth approximately $54,000. Finally, United Capital Financial Advisers LLC grew its stake in AmeriCold Realty Trust by 10.8% in the second quarter. United Capital Financial Advisers LLC now owns 18,543 shares of the company’s stock worth $601,000 after purchasing an additional 1,807 shares in the last quarter. Hedge funds and other institutional investors own 96.37% of the company’s stock.

AmeriCold Realty Trust Company Profile

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

Read More: Technical Analysis of Stocks, How Can It Help

Analyst Recommendations for AmeriCold Realty Trust (NYSE:COLD)

Receive News & Ratings for AmeriCold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmeriCold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.